There is a general alert due to inflation here and bankruptcies there! The primary economic indices are deteriorating in Europe, the United States, Asia, and even the entire planet. Be prepared if one day your friends question you about bitcoin, the alternative you adopted before the crises, from you. However, be prepared to face criticism for choosing to go on a journey that cost you a few euros or dollars in the context of the bear market. What if we gave you advice on the top clones in this article?
Replicas that work for Bitcoin newbies
You can say the following to your pals in this group:
Digital currency known as bitcoin continues to draw users. There were 1 billion addresses for the cryptocurrency known as “the queen” on July 12;
- Bitcoin’s peer-to-peer (P2P) internet network enables user transactions without the involvement of banks or governmental entities;
- Transaction fees for bitcoin are less than those that banks typically impose. Which of your pals would want to be conned by them forever?
- This coin is completely transparent because it runs on blockchain, an open-source software;
- It is possible to mine bitcoin, which is a method of verifying transactions on behalf of a “node” (or “node”). Inform them that Bitcoin miners receive fantastic incentives, like this fortunate individual who acquired a block of 6.25 BTC in February;
- In the US and Europe, BTC ATMs are now widespread, and this is just the beginning;
- Many establishments are starting to accept bitcoin as a form of payment, including cafes, high-end shops, cannabis dispensaries, and many more;
Of course, this list of convincing imitations is by no means complete, but if you start with them, you can be confident that your friends will quickly grasp what the term “money” means.
And for the dubious companions?
Yes, there are and always will be cynics close to you who will criticize your decision to use bitcoin. You are skilled at guiding them and educating them on the essentials.
It should first be noted that no-coiners frequently assert that “Bitcoin is not backed by anything.” You can select the appropriate response to this: “The dollar is not backed by anything either.”
If not, inform your friends that:
- You adore bitcoin and will do so irrespective of its price;
- Given the world’s current inflation and market crises (which include cryptocurrencies), fiat is also unhealthy;
- that similar to you, they would have had the worst investment tale if they had tech assets like Netflix;
It is sage to take the route of silence in the absence of strong responses. Because these days, both novices and non-coiners look for opportunity to attack cryptocurrencies in the information about them.
